New Canaan Cares Inc

Analysis

New Canaan Cares Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Canaan Cares Inc reported income of $248k and spending of $202k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $151k to $248k (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Canaan Cares Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Living Classroom ($248k), Institute for Energy & Environmental Research ($248k) and Bloomfield Baseball League Inc ($248k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $121k. At year end it held assets of $640k against liabilities of $0, net assets of $640k. It reported 2 employees.